FTX may start repaying creditors in October.
Creditors could get between 10% and 25% of their crypto during the FTX repayment.
FTX transferred 18% of the DOJ forfeiture funds to equity holders.
There are unconfirmed reports that FTX, the bankrupt crypto exchange, will start paying its creditors in October. From widespread expectations, the repayment plan could be approved when FTXâs proposed restructuring program gets the nod from the court on October 7.
Some FTX creditors, including an acclaimed activist, Sunil Kavuri, expect the exchangeâs customers to get between 10% and 25% of their crypto back. Kavuri noted his expectations after spotting a recent move by FTX, where the defunct crypto exchange transferred 18% of the DOJ forfeiture funds, amounting to about %230 million, to equity holders.Â
Although Kavuri and other creditors are making scientific guesses as to when and how FTX would execute the proposed settlement of customers, none of the creditors are certain about the failed exchangeâs programs. Some affected by the issue think the situation will remain unclear until after the courtâs decision on October 7.
One such creditor is a crypâŠ
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